Bitcoin is currently reported at $89,518.42, with the market volume indicating that a large proportion of capital entering the market comes from big players, while the characteristics of exiting funds are reflected in small retail investors.

Some analysts believe that despite the recent decline in Bitcoin prices, the on-chain activity indicator (liveliness) for this cycle has been continuously rising. This suggests that there is a solid bottom for the demand for spot Bitcoin, which has not been fully reflected in the price trend, possibly indicating that the bull market cycle for this round has not yet ended.

The analyst pointed out that this indicator reflects the long-term moving average of Bitcoin on-chain activities, which is the sum of all lifecycle expenditures and on-chain holding activities. During a bull market, as supply changes hands at higher prices, market "activity" typically increases, often indicating that new investment capital continues to flow in. #比特币走势分析 #比特币预测